Skip to main content

Charts: potential new uptrends in CREE, DLB

Looking at a potential change in trend for CREE, maker of LED lighting products. 



I've done up the chart in the manner of Vic Sperandeo's "1-2-3" trend change guide. As you can see, CREE has broken out above the trend line. The lowest low preceding the breakout provides a test floor or boundary and the previous minor rally high acts as the ceiling which CREE must break through to define the change in trend. 

Right now we have a possible change in trend. If CREE tests that upper boundary and then breaks out above that previous high, we'll have a defined trend change and a new uptrend in place, according to Sperandeo's method. 

Also, a recent break above a year-long downtrend line and a successful fill of a prior downward gap at the 37.60 level may be a sign of a positive trend for Dolby (DLB). 



I have to say I'm not as familiar with the current fundamental picture on Dolby. Of course, they are a leader in film sound technology and surround sound, etc. for home entertainment. 

A bit more research will have to be done here (and I'll also take a look at IMAX and RLD), but I think it's safe to say we all know that...

Spinal Tap in Dubly Dolby
"You don't do heavy metal in Dubly, y'know..." "She means Dolby." - Spinal Tap.
Labels:

Popular posts from this blog

Nasdaq credit rating junked.

S&P cut Nasdaq's credit rating to junk status citing debt burdens and its questionable strategy to buy a controlling interest in the London Stock Exchange. Financial Times reported that the exchange's counterparty credit & bank loan rating were lowered fromm BBB- (lowest investment grade rating) to BB+. The change will increase Nasdaq's borrowing costs should it wish to pursue aquisition targets. For an earlier look at the exchange consolidation trend that brought about Nasdaq's push for a stake in the LSE, please see "Exchange fever" .
Read more

Clean Money - John Rubino: Book review

Clean Money by John Rubino 274 pages. Hoboken, New Jersey John Wiley & Sons. 2009. 1st Edition. The bouyant stock market environment of the past several years is gone, and the financial wreckage of 2008 is still sharp in our minds as a new year starts to unfold. Given the recent across-the-board-declines in global stock markets (and most asset classes) that have left many investors shell-shocked, you might wonder if there is any good reason to consider the merits of a hot new investment theme, such as clean energy. However, we shouldn't be too hasty to write off all future stock investments. After all, the market declines of 2008 may continue into 2009, but they may also leave interesting investment opportunities in their wake. Which brings us to the subject of this review. John Rubino, author and editor of GreenStockInvesting.com , recently released a new book on renewable energy and clean-tech investing entitled, Clean Money: Picking Winners in the Green Tech Boom . In Clean ...
Read more

Jesse Livermore: How to Trade in Stocks (1940 Ed. E-book)

If you've been around markets for any length of time, you've probably heard of 20th century supertrader, Jesse Livermore . Today we're highlighting his rare 1940 work, How to Trade in Stocks (ebook, pdf). But first, a brief overview of Livermore's life and trading career (bio from Jesse Livermore's Wikipedia entry). "During his lifetime, Livermore gained and lost several multi-million dollar fortunes. Most notably, he was worth $3 million and $100 million after the 1907 and 1929 market crashes, respectively. He subsequently lost both fortunes. Apart from his success as a securities speculator, Livermore left traders a working philosophy for trading securities that emphasizes increasing the size of one's position as it goes in the right direction and cutting losses quickly. Ironically, Livermore sometimes did not follow his rules strictly. He claimed that lack of adherence to his own rules was the main reason for his losses after making his 1907 and...
Read more